Mayweather Wins McGregor Match and $100 Million Payday, Plus Endorsements
Boxer Floyd Mayweather beat UFC fighter Conor McGregor in 10 rounds and earned at least $100 million in the process. Not bad for an hour or so of work.
All Work
Douglas A. McIntyre
Amazon Opens 855,000 Square Foot Facility In Ohio
Amazon (NASDAQ: AMZN) pressed further into the bricks and mortar business, but in the most recent case, it was not stores. The e-commerce company has set an 855,000 square foot distribution center which is…
Apple Shares Surge 47% in Past Year, Pulling Away From Other Tech Giants, as Market Cap Hits $825 Billion
Apple's market cap hit $825 billion last week. The 47% surge over the past year makes it nearly impossible that the market caps of other large tech companies will catch it, certainly not anytime…
America’s Largest Refinery Threatened by Hurricane Harvey
The threat to the Port Arthur refinery shows how serious Hurricane Harvey is, as its shutters millions of barrels a day of refinery capacity.
Hurricane Harvey Threatens Up to $40 Billion in Damages
As Category 3 Hurricane Harvey moves toward the Texas Coast, estimates of damage have been put as high as $40 billion in the cost of residential reconstruction.
Ford Short Interest Rises to 122 Million Shares
Wall Street skepticism about Ford got a boost as shares sold short in the company rose handily for the period that ended August 15.
As Arctic Ice Melts, First Tanker Travels Across Top of the World
The Arctic ice has become uneven enough, and thin enough, that a tanker has crossed over the area without the help of an ice cutter or other ships.
6 Most Important Things in Business Today: Samsung Heir Sentenced
Samsung heir and leader Jay Y. Lee was convicted of bribery and related charges, Amazon will cut prices at Whole Foods, Hurricane Harvey could temporarily raise oil prices, and more important headlines.
Uber’s Tiny Revenue
For a company with large aspirations and a huge market value, Uber has small revenue. And what if its growth rate rapidly decelerates in the year ahead?
6 Most Important Business Stories Today
Fiat Chrysler has indicated no real interest in selling Jeep to a Chinese truck maker, oil prices could be temporarily affected as a potential hurricane moves closer to Texas, and more important headlines.
Safety Systems Help Prevent Car Crashes, Says New Study
Results from a new study by the Insurance Institute for Highway Safety show that new lane departure systems help prevent accidents.
6 Most Important Things in Business Today
The European Union may kill the huge Bayer and Monsanto merger, Verizon launched new pricing plans for mobile subscribers and more important headlines.
New LA Times Leader Takes Over a Newspaper Worth $400 Million
As media veteran Ross Levinsohn steps up as the new publisher and CEO of the Los Angeles Times, the parent company has a market cap of $440 million.
Are America’s Car Companies for Sale?
The values of Ford and General Motors are low enough that, like Fiat Chrysler, they could become M&A targets for rich vehicle manufacturers based outside the United States.
Will TV News Save Snapchat?
TV news has found Snapchat a good way to distribute programs, especially to young people. At the same time, Snapchat has found some relevance among marketers.
6 Most Important Things in Business Today
The publisher and several top editors at the Los Angeles Times have been fired, Macy's has a new president and other top headlines.
Detroit’s Recovery Leaves A Lot Of People Behind
The organization Detroit Future City recently published an analysis of the Detroit’s recovery. The report is entitled “139 Square Miles”. The authors were less optimistic in their assessment of Detroit’s recovery than many local…
6 Most Important Things In Business Today
According to Reuters, Texas power company Oncor has been bought by Sempra Energy (NYSE: SRE) Warren Buffett had also bid for the operation. The news service reports: Texas utility Energy Future Holdings will abandon…
Walmart Seeks Patent for Warehouse Floating in the Sky
Walmart apparently wants to move goods without the need for roads, trucks or airplanes. At least that is what a patent filing hints.
Jobless Rate Drops Below 3% in 5 States
When the Bureau of Labor Statistics released its state employment figures for July, five states had rates of less than 3%, well below the national average.